Description

Bay Ridge Αll‐Brick 6-familу asset. Fully tenanted, the owner-occupied 2-bedroom will be delivered vacant. Upside potential offers the opportunity for growing returns; all current 2-year leases are set to expire on 9/30/25. The building is 20' x 90' on a 114 ft lot zoned R7B. Well-maintained, with 5,400 interior sq. ft. located in prime Northern Bay Ridge near shopping, dining, and multiple transportation options. Current RR is $123,421/yr, with total expenses of $38,584 (current CAP 6.3). Projected income upon new lease signing is $145,729, bringing CAP to 8%. 11 total bedrooms, 6 baths. Buyers are responsible for due diligence; apartments are rent-stabilized. Shown by appointment.
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Building Features 3 Floors6 Units

intercom
courtyard
parking
pet friendly

Unit Features

Pet Policy: Building Yes, Yes

$1,260,000 / $233 per ft²

$90,000  -  273 days ago

Listed on Jan 23, 2025

375 Days on Market

10 Beds / 6 Baths - / 5,400 ft²

Total Monthly expenses: $1,799

Maintenance: - / R.E. Taxes $1,799

Other Details:

Multi Family (4-6 Family)

Lot Size: 20.0' x 114.67' Built: 20.0' x 90.0'

Zoning: C2-3

Exclusively listed with: Keller Williams Realty Empire Source: RLS

Jean
Marrone

[email protected]

(718) 938-9568

Charles A
Olson

[email protected]

(917) 836-1050

Listing Courtesy of Keller Williams Realty Empire View Listing

Unit listing history

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